Forecast and levels for Cryptocurrencies - page 29

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Sergey Golubev, 2020.03.13 08:13

Crypto News - Bitcoin: daily bearish breakdown; globval bearish trend is coming(based on the article)

Bitcoin/USD chart by Metatrader 5

Bitcoin/USD chart by Metatrader 5

  • "Bitcoin prices plummeted today, shedding approximately half of their value as global markets were afflicted by widespread panic and liquidity problems. The digital currency fell to as little as $3,867.09, CoinDesk figures show. At this point, the cryptocurrency had plunged 49.6% from its price of more than $7,600 at the start of the day, and was trading at its lowest in almost a year, additional CoinDesk data reveals."
  • "When explaining bitcoin’s extreme price decline, analysts emphasized concerns surrounding the coronavirus and a global liquidity crunch."

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The chart was made on MT5 with standard indicators of Metatrader 5 as well as the following indicators from CodeBase:


 

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Sergey Golubev, 2020.04.12 08:46

Crypto News - Bitcoin: ranging near bullish reversal; 7458 is the daily key and 9172 is the weekly key for the bullish trend to be started (based on the article)

Bitcoin/USD daily Brainwashing/Ichimoku chart by Metatrader 5

Bitcoin/USD Brainwashing/Ichimoku weekly chart by Metatrader 5

  • "Bitcoin has held up better than many stocks, but has fared less well than many other assets that can protect portfolios at times of market stress. For the year to date, Bitcoin has fallen 5%. That’s much better than the S&P 500 which is off 14% for the year. Nonetheless, other assets that can offer safe haven at a time of crisis have risen. For example gold is up 11% and a diversified portfolio of bonds is up 4%."
  • "Hence if you view Bitcoin as a sophisticated digital form of gold, it hasn’t quite played out that way during this crisis so far. However, we should note that we may still be early in seeing the full economic impact of COVID-19. As such it’s hard to reach a conclusive verdict until the economic impact has played out in full. Ideally, you’d want to look across multiple economic cycles too, though since Bitcoin is a relatively young asset, this is not possible."
  • "Furthermore, though on a near term view Bitcoin hasn’t done what many other safe haven assets have done, it is of course noteworthy that on a 5-year view Bitcoin’s return still dwarfs just about any other major asset class because Bitcoin has risen over 30-fold over that period."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 
CRYPTO CURRENCY WILL BE HERO OR ZERO IN NEXT MONTH
 
ABDUL SALAM Salam:
CRYPTO CURRENCY WILL BE HERO OR ZERO IN NEXT MONTH

Not yet.

2,679,987.5

Bitcoins Left to Be Mined
 

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Sergey Golubev, 2020.06.12 09:51

Crypto News - Bitcoin: dropped by more than 8%; 9,050 is the key support level (based on the article)


  • "Bitcoin prices dropped by more than 8% today, approaching the $9,000 level as digital currency markets suffered widespread losses. At this price, it had declined more than 8.5% in less than 24 hours, after rising to $9,962.18 the night before, additional CoinDesk data reveals."

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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The forum threads
  1. Key forum thread - Fast Fourier Transform - Cycle Extraction - the thead with FFTfiltr indicator and explanation
  2. New EA based on the !xMeter (!xMter based on Fast Fourier Transform) - the thread 
  3. Many FFT indicators with examples and explanations - the thread 
  4. Ticks Before The News - the thread with many FFT indicators and explanation how to trade

CodeBase

  1. dt_FFT - library for MetaTrader  
  2. LGLIB - Numerical Analysis Library - library for MetaTrader 4 
  3. ALGLIB - Numerical Analysis Library - library for MetaTrader 5 
  4. AFIRMA - indicator for MetaTrader 5
  5. Fourier extrapolation of price - indicator for MetaTrader 5

The articles


 

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Sergey Golubev, 2020.08.24 07:22

Crypto News - Ripple: daily bullish ranging within 0.27/0.32 s/r levels (based on the article)

XRP/USD daily chart by Metatrader 5


  • "After tracking mostly sideways to slightly down in price from May to July, you can see the late July breakout. XRP had been unable to rise above the Ichimoku cloud for weeks but then got there easily on some volume. It looks like the selling that comes in at above 31 is likely to be significant enough to prevent further upside, at least for now."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Sergey Golubev, 2020.09.01 11:29

Crypto News - Bitcoin: weekly bullish breakout; 12,453 is the key (based on the article)

Bitcoin weekly chart by Metatrader 5

  • "Bitcoin is consolidating in a new technical zone between $11,000 to $12,500. If Bitcoin can break decisively above this zone, it would be another bullish confirmation. A break back into the $10,000 to $11,000 zone, however, would be a sign of technical weakness."
  • "Safe-havens like Bitcoin and precious metals are benefiting from global central banks’ extremely aggressive monetary policies that have been launched to offset the harmful economic effects of the coronavirus pandemic. Ultra-low interest rates and quantitative easing aren’t going away anytime soon, which should help buoy safe-haven assets in the years to come."

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The chart was made on MT5 with standard indicators of Metatrader 5 as well as the following indicators from CodeBase:


 

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Sergey Golubev, 2020.09.17 09:09

Crypto News - Bitcoin: daily bullish reversal; 11,092 is the key (based on the article)

Bitcoin/USD Brainwashing chart by Metatrader 5

Bitcoin/USD Brainwashing chart by Metatrader 5

  • "Bitcoin prices surpassed $11,000 earlier today, and have been fluctuating close to that level ever since. The digital currency reached an intra-day high of $11,103.80 close to noon EST on CoinDesk, reaching its highest since September 3, before falling below $11,000 and quickly recovering to nearly $11,100. "For now, $11k remains a ceiling until Bitcoin crosses it, closes a daily candle above it and then successfully tests it for support the next day," said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2020.10.20 07:36

Crypto News - Bitcoin: bullish breakout; 12,000 is the key (based on the article)

  • "Bitcoin prices have been trading north of $11,000 for more than a week, seemingly gathering strength above that level. The digital currency has rallied this year, climbing more than 200% from under $3,900 in March to more than $11,800 today, CoinDesk data shows. "
  • "Our thinking is that, once $12k turns into support, $14k and ATH become academic within no more than six months."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2021.01.21 12:03

Crypto News - Bitcoin: secondary correction withint the bullish primary trend; 40,000 psy level is the key; possible breakdown to 17,553 fibo support level (based on the article)

Bicoin/USD daily chart by Metatrader 5

  • "Bitcoin traders and enthusiasts are riding the wave after the incredible rally from $9,000 to $42,000 throughout Q4:2020. It certainly was an incredible run – more than quadrupling in value in less than three months. Now we find ourselves in an early 2021 corrective phase which will end in either another Breakout/Rally attempt or an Excess Phase (Blow-off) Top."

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The chart was made on MT5 with standard indicators of Metatrader 5 as well as the following indicators from CodeBase:



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